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Seattle Condo Blog | Urban LivingMon, 25 Sep 2017 14:29:57 +0000en-UShourly1https://wordpress.org/?v=4.8.2http://www.urbancondospaces.com/wp-content/blogs.dir/1/files/2017/05/cropped-Large-Logo_UCS-32x32.pngUrbanCondoSpaceshttp://www.urbancondospaces.com
3232Top 10 Things To See In Seattlehttp://www.urbancondospaces.com/top-ten-things-to-see-in-seattle/
http://www.urbancondospaces.com/top-ten-things-to-see-in-seattle/#respondThu, 21 Sep 2017 15:59:18 +0000http://www.urbancondospaces.com/?p=18102Top 10 Things To See In Seattle Ok, I love Seattle. Its obvious. I wanted to share some of the best attractions we have here in Seattle with all of you. I put together a list of 10 Things To See In Seattle. We think this list is perfect for those of you getting to […]

Top 10 Things To See In Seattle

I wanted to share some of the best attractions we have here in Seattle with all of you. I put together a list of 10 Things To See In Seattle. We think this list is perfect for those of you getting to know the city. It might also be something you can send to your co-workers, family, friends, your Yoga instructor, or whoever – you get the point.

I’ve personally been in Seattle since 1998. That doesn’t include the 18 years I spent in Gig Harbor, just south of Seattle (amazing town worth seeing) prior to that. There are so many things to do outside of the city as well. I’ll save that for another post. Today, we are going to focus on 10 things you can do or see in the city of Seattle.

Want a PDF copy of our list, we are working on it. Just reach out via email and we will send you a copy for now – jeff@urbancondospaces.com

]]>http://www.urbancondospaces.com/top-ten-things-to-see-in-seattle/feed/0How To Buy A Seattle Condohttp://www.urbancondospaces.com/how-to-buy-seattle-condo/
http://www.urbancondospaces.com/how-to-buy-seattle-condo/#respondMon, 18 Sep 2017 18:55:26 +0000http://www.urbancondospaces.com/?p=18088I want to help you buy a Seattle condo. I’m going to help you even if you have another broker, friend or family member who you have agreed to work with. In fact, I built a 11 page Seattle Condo Buying Guide with you in mind. This is my 15th year of helping buyers and […]

I want to help you buy a Seattle condo. I’m going to help you even if you have another broker, friend or family member who you have agreed to work with. In fact, I built a 11 page Seattle Condo Buying Guide with you in mind.

This is my 15th year of helping buyers and sellers in the Seattle real estate market. I got into the business because I love people, I’m passionate about architecture and design and I love condos. As the world continues to grow, cities like Seattle will always urbanize. Public transit, restaurants, access to healthcare and schools and many other factors will contribute to people moving into major cities (like Seattle). I love it. It is one of the reasons I got into selling condos.

Vancouver, British Columbia was another one of my inspirations. Look at this city skyline!

I visited Vancouver a number of times before I graduated college. I loved the skyline, the infrastructure, the different neighborhoods and more than anything the condos. This is what inspired me to sell Seattle condos. I knew that Seattle was going to eventually look like Vancouver. It is a perfect example of how Urbanization can work. We can go to school, work and enjoy everything a city has to offer within walking distance of our homes/condos.

I love Seattle – I think we live in one of the best cities in the world. When I decided to make this Seattle Condo Buying Guide, I wanted to give back to the city and the people that have given me so much. I have worked with amazing clients in tons of Seattle condo buildings. I know them like the back of my hand – but you don’t. That is where the guide comes in. I tried to write it thoughtfully so it is easy to follow. I hope you enjoy it and put it to good use.

]]>http://www.urbancondospaces.com/how-to-buy-seattle-condo/feed/0One88 By Bosa Breaks Ground, New Bellevue Condo Projecthttp://www.urbancondospaces.com/one88-bosa-breaks-ground-new-bellevue-condo-project/
http://www.urbancondospaces.com/one88-bosa-breaks-ground-new-bellevue-condo-project/#respondTue, 12 Sep 2017 17:27:02 +0000http://www.urbancondospaces.com/?p=18039One88 By Bosa Breaks Ground, New Bellevue Condo Project Bellevue is expecting a new condo project soon! One of the most anticipated Seattle/Bellevue condos in the next 2-3 years is a project by Bosa Development. The same developer that brought Insignia Condos to Seattle. Bosa just broke ground on One88 By Bosa in Downtown Bellevue. The 21 […]

One of the most anticipated Seattle/Bellevue condos in the next 2-3 years is a project by Bosa Development. The same developer that brought Insignia Condos to Seattle. Bosa just broke ground on One88 By Bosa in Downtown Bellevue. The 21 story project located at 188 Bellevue Way NE is expected to deliver 143 luxury units in a premier Downtown location.

We believe this project will be significant. It will be the first luxury tower in Bellevue since 2009 (Bellevue Towers) and a very important development for Bellevue to compete with Seattle’s ever changing condo landscape.

We expect a very luxury project. One that will feature large floor plans, incredible interiors and big views of Bellevue. We expect to see contemporary finishes (much like Insignia) likely to include marble/quartz, wide plank floors, stylish lighting and floor to ceiling windows.

The estimated completion for the project is 2020 – we will continue to keep you posted on timing and events. Stay tuned.

If you haven’t signed up for the blog, just plug in your email below and we will do the rest!

]]>http://www.urbancondospaces.com/one88-bosa-breaks-ground-new-bellevue-condo-project/feed/0Seattle Condo Sales Jump In August, 25% Over Last Monthhttp://www.urbancondospaces.com/seattle-condo-sales-jump-august/
http://www.urbancondospaces.com/seattle-condo-sales-jump-august/#respondWed, 06 Sep 2017 16:39:23 +0000http://www.urbancondospaces.com/?p=18021Seattle Condo Sales Jump In August Lets not sugarcoat the status of the Downtown Seattle condo market – it is absolutely bonkers. As good as it was in July for sellers, August is setting a new bar. In August, there were 25% more sales in the Downtown Seattle condo market than in July. This is a […]

Lets not sugarcoat the status of the Downtown Seattle condo market – it is absolutely bonkers. As good as it was in July for sellers, August is setting a new bar.

In August, there were 25% more sales in the Downtown Seattle condo market than in July. This is a big jump in the number of transactions. That wasn’t the only statistic that caught our attention. In August of last year (2016) the average list to sale price ratio was 100.35%. That number has grown to 105.50% showing the strength in the market and the willingness for buyers to pay above market value. So where are we headed?

I can’t help but notice the conversations around the housing market right now. Everyone is looking to predict the next bubble and it seems as though your average Seattleite has become an economist :-). All joking aside, it is very difficult to predict when the winds will shift in the real estate market. Real estate has always been very hyper-local. Supply and demand is a common theme that we need to lean on that to establish a baseline for change. Let me set the stage for this debate……

Right now (as of this morning), there are just 52 condos in area 701 (Downtown Seattle) for sale.

24 0f the 52 units for sale are new construction

33 of the units for sale are over $1,000,000

Only 19 condos for sale under $1m

46% of condos for sale are not expected to deliver until 2018/2019

So, when you consider that there were 55 sales in August and only 52 condos available for sale, that means that Seattle has less than 1 months of inventory. In a normal market you would see 3-4 months of inventory.

So, are we headed for a correction or will this market continue?

Truth be told, there are a number of variables…..

Economy
Politics
Rates
International Strength

We can’t predict how the weather, terrorism or global politics could alter our strong housing growth. What we can lean on, is how our local market is looking from a supply and demand perspective. As of right now, on the 6th of September, I just can’t see why the market would slow down unless there is a significant change at Amazon, an interest rate bubble, a stock market crash or an act of terrorism.

What are you thoughts?

New Construction

Traditional Units For Sale

Would you like to review our month condo stats? We provide them for free. Check out our Free Stats Page on the blog or click the photo below. By the way, there is zero strings attached. These are absolutely free.

]]>http://www.urbancondospaces.com/seattle-condo-sales-jump-august/feed/0How To Review Downtown Seattle Condo Stats, Year Over Yearhttp://www.urbancondospaces.com/how-to-review-seattle-condo-stats-year-over-year/
http://www.urbancondospaces.com/how-to-review-seattle-condo-stats-year-over-year/#respondWed, 23 Aug 2017 17:30:21 +0000http://www.urbancondospaces.com/?p=18016Downtown Seattle Condo Stats, Year Over Year Lets take a look at some key stats in the Downtown Seattle market year over year. It really shows how steady and consistent the Seattle condo market has been. As a reminder, we provide both monthly stats on the market – as well as Downtown Seattle specific stats […]

Downtown Seattle Condo Stats, Year Over Year

Lets take a look at some key stats in the Downtown Seattle market year over year. It really shows how steady and consistent the Seattle condo market has been. As a reminder, we provide both monthly stats on the market – as well as Downtown Seattle specific stats as well. They are always free and we encourage you to check them out.

I’m going to highlight 3 important stats I keep an eye on to gauge the velocity of the market – I’ll provide an overview comparison over the last year as well.

I watch the average days on market to get a feeling for how quickly the buyers are absorbing the current inventory. It helps when pricing my sellers’ condo for market as well. It gives us an indication of what we might expect when we put the condo on the market. To give you a real time example, my team listed this property last Tuesday and it was off the market with a buyer paying above the asking price in just 4 days. We will post the official sale price in October when it closes.

In comparison to last year where condos were taking 159 days to sell, this July the average days on market is just 81 days. That is a 49% decline.

Average Days On Market | Downtown Seattle Condos

The months supply of inventory could be the most important statistical indicator for the health of a real estate market that we follow. In short, it is an indication of how many homes are available (monthly supply). In a neutral market, there would be 3-6 months of inventory. Right now in Seattle there are just 1.2 months of inventory – lower the inventory, benefits as seller. The higher the inventory, benefits a buyer!

In July of last year there was 1.5 months of inventory, now there are just 1.2 months. This reflects a 20% drop in inventory. Or 20% drop in homes available for purchase. These are big numbers.

Months Supply Of Inventory | Downtown Seattle Condos

Lastly, the List To Sale Price ratio is something that I love keeping an eye on. This an indicator of how active multiple offers are. As an example, if a home owner puts their $1,000,000 condo on the market and buyers bid the price up to $1,100,000, then the condo would sell for 10% over the asking price(or list price). When we look at this particular stat month to month, it give us an indication of what we might expect representing a buyer or a seller and what we should prepare for. We also look at the outliers for the month. An example would be a 1 bedroom that goes for 25% above the asking price (something that happens more often than you would think).

The year over year comparison is interesting. In July of last year, the average list to sale price was just 100.6%. Now, it has climbed nearly 2% to 102.1%. or 1.5% increase year over year.

]]>http://www.urbancondospaces.com/how-to-review-seattle-condo-stats-year-over-year/feed/0New Seattle Neighborhood Video Series On The Bloghttp://www.urbancondospaces.com/new-seattle-neighborhood-video-series-blog/
http://www.urbancondospaces.com/new-seattle-neighborhood-video-series-blog/#respondTue, 22 Aug 2017 14:22:18 +0000http://www.urbancondospaces.com/?p=18006New Seattle Neighborhood Video Series On The Blog My people – I’m trying to get some additional content on the blog and on our Youtube channel that will help you and your friends to get to know Seattle better. We are rolling out a series of videos on all of the popular Seattle neighborhoods. Disclosure – […]

Disclosure – this takes time! For the last couple years, we have been compiling video, timelapse, walking tours, etc… We would love your feedback. These are meant to be fun and to get you a different perspective on the city. We are also going to roll out, free neighborhood check lists (think bucket lists for these same Seattle neighborhoods).

Take a look at our latest video for South Lake Union! Please subscribe to our Youtube channel to see all of our upcoming videos.

]]>http://www.urbancondospaces.com/new-seattle-neighborhood-video-series-blog/feed/0Insignia Towershttp://www.urbancondospaces.com/insignia-towers/
http://www.urbancondospaces.com/insignia-towers/#respondTue, 15 Aug 2017 17:09:53 +0000http://www.urbancondospaces.com/?p=17966INSIGNIA TOWERS Developer: Bosa Development Architect: Perkins and Co BUILDING Insignia Towers is a twin tower project built in the heart of the Denny Triangle. The project was completed in 2015 when the South Tower delivered first and the North Tower delivered shortly there-after. Insignia Towers is a 41 story project with a very impressive […]

The project was completed in 2015 when the South Tower delivered first and the North Tower delivered shortly there-after. Insignia Towers is a 41 story project with a very impressive amenity package, a beautiful 7th floor garden terrace and a stunning rooftop deck.

The homes offer impressive views – including Puget Sound, the City Skyline, Space Needle, South Lake Union and the Mountains.

The interiors feature a luxury list of materials. Designed by Mitchell Freedland, the kitchens have beautiful Quartz counters, Grohe faucets and fixtures, Bosch stainless steel appliances, Thermador refrigeration and European inspired cabinetry. Engineered hardwoods were offered in 3 different colors. There is also soft carpeting in the bedrooms, Quartz bathroom counters, porcelain tile floors and beautifully designed washer and dryers rooms. Other features in this LEED Silver certified building include walk-in closets, air-conditioning, private balconies and storage.

]]>http://www.urbancondospaces.com/insignia-towers/feed/0Median Price of Downtown Seattle Condos Increased 8.4% In Julyhttp://www.urbancondospaces.com/median-price-downtown-seattle-condos-increased-8-4-july/
http://www.urbancondospaces.com/median-price-downtown-seattle-condos-increased-8-4-july/#respondTue, 08 Aug 2017 18:32:03 +0000http://www.urbancondospaces.com/?p=17935The median price of Downtown Seattle condos grew by 8.4% in July over last month All of our stats are updated on posted on the blog. Feel free to download (they are free). The average days on market moved up slightly from 16 days to 18 days. Not much reprieve for the buyers in the […]

The median price of Downtown Seattle condos grew by 8.4% in July over last month

The average days on market moved up slightly from 16 days to 18 days. Not much reprieve for the buyers in the market. It remains as sellers market and the numbers don’t lie – sellers on average are getting nearly 5% more than their asking price. 37 out of 44 units in Downtown Seattle last month sold for full price or more. Some units fetching 15% above their asking price.

Take a look for yourself. You can click on the picture below to review:

]]>http://www.urbancondospaces.com/median-price-downtown-seattle-condos-increased-8-4-july/feed/0Twin 41 Story Towers Coming Soon To South Lake Union, Will It Be Condo?http://www.urbancondospaces.com/twin-41-story-towers-coming-soon-to-south-lake-union/
http://www.urbancondospaces.com/twin-41-story-towers-coming-soon-to-south-lake-union/#respondTue, 01 Aug 2017 15:32:43 +0000http://www.urbancondospaces.com/?p=17923Will Onni Group Go Condo? Have you guys noticed that Onni Group Development is under construction on the massive site next to the Seattle Times Building at Fairview and Denny? I’m so excited to hear if they are going condo. I’ve heard from one of my best sources that they will. This project is a […]

Will Onni Group Go Condo?

Have you guys noticed that Onni Group Development is under construction on the massive site next to the Seattle Times Building at Fairview and Denny? I’m so excited to hear if they are going condo. I’ve heard from one of my best sources that they will.

This project is a Residential/Commercial Development at 1120 Denny Way in Seattle, WA. It consists of 7 levels of underground parking, two 41 story towers with a 13 story podium and street level parking. The development includes 1128 units, 1337 parking stalls and 28,000sf of commercial/retail space.

The impact this is going to have on South Lake Union is huge. Delivering this many units will continue to shape the neighborhood and bring better restaurants, coffee shops, street improvements and add another beautiful high rise to our skyline.

If Onni does go condo, this site will be the closest condo project to Seattle’s major freeways of this size. Given Onni’s track record of success with condos, I would absolutely consider an investment in one of these units. More to come. Stay tuned.

]]>http://www.urbancondospaces.com/twin-41-story-towers-coming-soon-to-south-lake-union/feed/0Downtown Seattle Condos In July, Flying Off The Shelfhttp://www.urbancondospaces.com/downtown-seattle-condos-in-july-flying-off-the-shelf/
http://www.urbancondospaces.com/downtown-seattle-condos-in-july-flying-off-the-shelf/#respondFri, 21 Jul 2017 15:14:05 +0000http://www.urbancondospaces.com/?p=17916You might have caught our July condo update on our Facebook page the other day. July is off to a fast start. As of this morning, there have been 28 sales and the average unit is selling at 5% over the asking price. 24 out of the 28 sales since the start of the month […]

You might have caught our July condo update on our Facebook page the other day. July is off to a fast start. As of this morning, there have been 28 sales and the average unit is selling at 5% over the asking price. 24 out of the 28 sales since the start of the month have sold for full price or above asking. Some units have sold for more than 20% over asking.

What is remarkable is the limited amount of condos on the market. When you remove the 18 new construction condos listed, there are just 45 condos available for sale. If there were zero new listings for the next 51 days, we would run out of condos to sell (Absorption rate)

]]>http://www.urbancondospaces.com/downtown-seattle-condos-in-july-flying-off-the-shelf/feed/0Downtown Condo Sales In June, Still A Sellers Markethttp://www.urbancondospaces.com/downtown-condo-sales-june-still-sellers-market/
http://www.urbancondospaces.com/downtown-condo-sales-june-still-sellers-market/#respondMon, 10 Jul 2017 15:24:30 +0000http://www.urbancondospaces.com/?p=17906It’s been a while, I know. I’ll stop making excuses for not keeping up with the blog. June/July have been busy and I’ll make more time from here on out to keep you guys updated. Thanks for your patience – you guys are the best. Lets take a look at the June stats for Downtown […]

It’s been a while, I know. I’ll stop making excuses for not keeping up with the blog. June/July have been busy and I’ll make more time from here on out to keep you guys updated. Thanks for your patience – you guys are the best.

Median price up to $615,900 ($568,400 last year at this time). That is a 8.4% increase

Average price per unit $710,722

Average days on market 16

Average price per foot $733.74 ($616.40 in 2016) 19% increase YOY

So what is the current trend for the market Downtown (Seattle)? In a nut shell, the lack of inventory is creating bidding wars all over the city. Downtown Seattle is experiencing the same – at this time last year, the average list to sale price (the price a condo sells for versus what it was listed for) was just a notch over 100% (100.74 to be exact). Meaning that the average condo sold in June of last year sold for just a pinch over the asking. NOW……..

Just one year later, the average list to sales price ration is %106.16. This is a significant increase. So in June of last year using a condo that is listed for $1M, it would have sold for $1,007,400. That same condo this year would have been 1,061,600. Click the photo below to see our full list of June’s stats.

]]>http://www.urbancondospaces.com/downtown-condo-sales-june-still-sellers-market/feed/0$7.5M Condo Sells After 9 Years, 10 Months and 1 Week On The Markethttp://www.urbancondospaces.com/7-5m-condo-sells-9-years-10-months-1-week-market/
http://www.urbancondospaces.com/7-5m-condo-sells-9-years-10-months-1-week-market/#commentsMon, 05 Jun 2017 17:08:35 +0000http://www.urbancondospaces.com/?p=17854$7.5M Condo Sells After 9 Years, 10 Months and 1 Week On The Market You read that correctly. A penthouse at Millennium Tower Condos in Seattle finally sold after 3,597 days. We have posted about this infamous Seattle penthouse condo in the past. Purchased years ago by Seattle coffee mogul, Howard Shultz, this condo that […]

]]>http://www.urbancondospaces.com/7-5m-condo-sells-9-years-10-months-1-week-market/feed/1New Seattle Condo Tower Expected To Start In 2018http://www.urbancondospaces.com/new-seattle-condo-tower-expected-to-start-in-2018/
http://www.urbancondospaces.com/new-seattle-condo-tower-expected-to-start-in-2018/#respondTue, 30 May 2017 16:41:27 +0000http://www.urbancondospaces.com/?p=17842New Seattle Condo Tower Expected To Start In 2018 – South Lake Union | Denny Triangle Hope everyone had a great Memorial Day Weekend. I went to Roche Harbor (San Juans) and had an excellent time with friends/family – we had amazing weather – you can always check out my Instagram feed if you want […]

The plan, according to the Design Review Proposal is to build 286 units on 39 floors. There would be 75 parking stalls on three levels. The architect believes this will be enough parking given the new condo’s access to public transit options. The building would feature over 4,000sf of retail and will have 2nd floor amenities and a rooftop deck.

The rendering of the project looks great. It has a sleek design with some rounding edges and a angular facade. It will be interesting to see a project this large on such a small lot.

Here is a view from rooftop deck overlooking South Lake Union and looking South/West towards Elliott Bay through the Downtown Skyline.

According to the PSBJ, the architect believes the developer is leaning condo and we could see the project start in 2018. I certainly hope so – Seattle needs new condo projects to satisfy demand.

Our team will keep an eye on this development and will let you know when we know more.

]]>http://www.urbancondospaces.com/new-seattle-condo-tower-expected-to-start-in-2018/feed/0Want A Seattle Loft? 5 Lofts Worth Viewinghttp://www.urbancondospaces.com/want-a-seattle-loft-5-lofts-worth-viewing/
http://www.urbancondospaces.com/want-a-seattle-loft-5-lofts-worth-viewing/#respondSat, 13 May 2017 15:47:13 +0000http://www.urbancondospaces.com/?p=178005 City Lofts Worth A Look Are you a loft lover? We are paying attention so you don’t have too. We found Seattle Lofts for sale that you can view immediately. Lofts make up a small percentage in terms of total Seattle inventory. They are often wanted and rarely available. Unlike New York, Boston or […]

5 City Lofts Worth A Look

Are you a loft lover? We are paying attention so you don’t have too. We found Seattle Lofts for sale that you can view immediately.

Lofts make up a small percentage in terms of total Seattle inventory. They are often wanted and rarely available. Unlike New York, Boston or Washington DC, Seattle is a relatively new city that hasn’t had too make convertible warehouses or abandoned buildings to convert. There are however a number of builders that taken a contemporary crack at re-creating the coveted architectural design. The 2 areas in Seattle with the most density of lofts are Capitol Hill and Pioneer Square. In fact, Capitol Hill has a converted Fire Station, and Pioneer Square has century old buildings once lost in the Seattle fire that have over time, converted into lofts – we sold a number of them over the years. So without further ado, here is our list

This building stands out as you drive through Capitol Hill. There are 5 stories and just 8 units in the building. Once an AIA Design Award winner the building was completed in 2001. It is a mix of glass, steel, concrete and mostly contemporary finishes. The unit has just one bedroom, but is nearly 1,500sf. The unit has a mix of glass doors and is a very open floor plan.

210 3rd Ave or The Lofts are a building we are very familiar with. We’ve sold 2 penthouse units in the building and have spend countless hours at the location. These units are incredible. The building was burned down during the great Seattle Fire. Once rebuilt, the building went through many different businesses and uses until it was converted to condo. The units have timber beam ceilings, many with original hardwood floors and beautiful exposed brick. It’s a must see.

The 19th Ave Lofts is a cool loft project located on the East Slope of Capitol Hill. The street is gaining popularity with great restaurants like Tallulah’s and other cafes and shops within walking distance. 19th Ave lofts offers a cool variety of units (55 total) on 3 floors of living space. This chic 2 story unit has a little over 1,000 sf with a very nice mix of materials. Wood beams, concrete floors, glass and steel. A bit of a bonus with 2 parking stalls as well. If you haven’t been to 19th Ave Lofts, we think its worth a look.

1414 12th Ave #203Trace Lofts/North
Last but not least is this cool little corner unit at Trace in Capitol Hill. The location is amazing – the 12th corridor on Cap Hill has some of the best restaurants and bars within blocks of your front door. Trace was a building that found away to have two unique interior build outs. Some units ended up cool and contemporary and the other units ended up like historic lofts – exposed brick, HVAC, timber beamed ceilings, etc… The building typically doesn’t disappoint. We’ve sold in the building before and love the location. If you want to check it out over the weekend, there is an open house on both Saturday and Sunday. [listing c/o Redfin]

]]>http://www.urbancondospaces.com/want-a-seattle-loft-5-lofts-worth-viewing/feed/0PSBJ Launches Crane Watch, Tracking Seattle’s Building Boomhttp://www.urbancondospaces.com/psbj-launches-crane-watch-tracking-seattles-building-boom/
http://www.urbancondospaces.com/psbj-launches-crane-watch-tracking-seattles-building-boom/#respondSat, 29 Apr 2017 10:29:11 +0000http://www.urbancondospaces.com/?p=17790PSBJ Launches Crane Watch, Tracking Seattle’s Building Boom A quick post to share with you guys about a new mapping service that the Puget Sound Business Journal is rolling out. They are referring to it as their Puget Sound Crane Watch. A sign of the times for Seattle during a robust period of growth and […]

PSBJ Launches Crane Watch, Tracking Seattle’s Building Boom

A quick post to share with you guys about a new mapping service that the Puget Sound Business Journal is rolling out. They are referring to it as their Puget Sound Crane Watch. A sign of the times for Seattle during a robust period of growth and high-rise development. According to the Downtown Seattle Association (of which we are members), there are more than 18,000 residential units planned or under construction during the next 3 years.

According to announcement by the Journal (referencing the impact of all the current development projects):

“…… real estate development and operations supported 43,130 jobs in Washington and contributed $6.3 billion to the state’s gross domestic product. The industry paid out $2.1 billion in wages and salaries to Washington workers.”

Interested in learning more, get in touch. Hope all of you have a great weekend!